Restaurant Brands International (NYSE:QSR) (TSE:QSR) announced its earnings results on Monday. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.09, Morningstar.com reports. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.25 billion. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. Restaurant Brands International’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share.

Shares of Restaurant Brands International (NYSE:QSR) opened at $59.95 on Tuesday. The company has a quick ratio of 3.38, a current ratio of 3.45 and a debt-to-equity ratio of 2.70. Restaurant Brands International has a fifty-two week low of $51.79 and a fifty-two week high of $68.89. The firm has a market cap of $13,422.97, a PE ratio of 41.34, a PEG ratio of 1.27 and a beta of 1.52.

In other news, Director Marc Caira sold 49,804 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $65.62, for a total value of $3,268,138.48. Following the sale, the director now owns 124,643 shares of the company’s stock, valued at approximately $8,179,073.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jose E. Cil sold 99,151 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $65.05, for a total transaction of $6,449,772.55. Following the completion of the sale, the executive vice president now directly owns 397,349 shares in the company, valued at approximately $25,847,552.45. The disclosure for this sale can be found here. 3.05% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of QSR. Point72 Asset Management L.P. grew its holdings in shares of Restaurant Brands International by 3,083.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,257,541 shares of the restaurant operator’s stock worth $80,332,000 after purchasing an additional 1,218,041 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Restaurant Brands International in the 4th quarter worth about $69,324,000. The Manufacturers Life Insurance Company grew its holdings in shares of Restaurant Brands International by 36.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,831,529 shares of the restaurant operator’s stock worth $235,562,000 after purchasing an additional 1,017,863 shares during the last quarter. Argent Capital Management LLC bought a new stake in shares of Restaurant Brands International in the 3rd quarter worth about $33,235,000. Finally, Forsta AP Fonden bought a new stake in shares of Restaurant Brands International in the 4th quarter worth about $30,559,000. 77.62% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the stock. Oppenheimer boosted their price target on shares of Restaurant Brands International from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, October 19th. Royal Bank of Canada boosted their price target on shares of Restaurant Brands International from $69.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, October 18th. OTR Global raised shares of Restaurant Brands International to a “positive” rating in a report on Monday, October 16th. Finally, UBS Group set a $74.00 price target on shares of Restaurant Brands International and gave the company a “buy” rating in a report on Monday, October 16th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Restaurant Brands International presently has a consensus rating of “Buy” and a consensus target price of $70.47.

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About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Earnings History for Restaurant Brands International (NYSE:QSR)

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